BayCom (NASDAQ:BCML) Posts Earnings Results, Misses Estimates By $0.01 EPS

BayCom (NASDAQ:BCML) posted its earnings results on Thursday. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01), Zacks reports. BayCom had a return on equity of 7.45% and a net margin of 17.10%.

BayCom Stock Performance

Shares of BayCom stock traded up $0.07 on Thursday, reaching $25.98. 24,665 shares of the stock were exchanged, compared to its average volume of 24,335. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $289.16 million, a PE ratio of 12.37 and a beta of 0.50. BayCom has a 1-year low of $18.54 and a 1-year high of $30.13. The business has a fifty day moving average price of $26.11 and a two-hundred day moving average price of $26.42.

BayCom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.31%. BayCom’s dividend payout ratio (DPR) is 28.57%.

Analysts Set New Price Targets

Separately, Hovde Group downgraded BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price target on the stock. in a research note on Wednesday, February 12th.

Insider Buying and Selling at BayCom

In other BayCom news, CEO George J. Guarini sold 27,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $27.50, for a total value of $742,500.00. Following the completion of the sale, the chief executive officer now owns 46,759 shares of the company’s stock, valued at approximately $1,285,872.50. This trade represents a 36.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is owned by corporate insiders.

About BayCom

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to small and mid-sized businesses, service professionals, and individuals. The company provides demand, savings, money market, and time deposit accounts. It offers commercial and multifamily real estate loans, including owner-occupied and investor real estate loans; commercial and industrial loans, such as equipment loans and working capital lines of credit; small business administration loans; construction and land loans; agriculture-related loans; and consumer loans comprising installment loans, unsecured and secured personal lines of credit, and overdraft protection.